| | | Sec. 3. Transfers of allocations; year-end balances. Transfers of | | allocations and carry-forwards of unexpended balances must be | | carried out in accordance with the Maine Revised Statutes, | | Title 5, section 17103, subsection 13. |
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| | | Sec. 4. Authorization to expend retirement system reserve administrative operating funds. | | Of the amount authorized to be expended in section 1 for the | | administrative costs of the retirement system, $100,000 must | | be provided from the system's reserve administrative operating | | funds. |
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| | | Emergency clause. In view of the emergency cited in the | | preamble, this Act takes effect July 1, 2003. |
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| | | Effective July 1, 1993, the Maine State Retirement System is | | required by statute to present its annual operating budget to | | the Legislature for approval. This bill is the system's 10th | | annual budget. It is for fiscal year 2003-04. |
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| | | This bill identifies the retirement system's personal | | services costs and its costs for all other operating expenses. |
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| | | For information purposes, the bill presents the attribution | | of expenses to the 3 retirement system member and employer | | categories: General Fund; Non-General Fund; and Participating | | Local District. |
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